EML Protocol is an end-to-end payment platform utilizing Hyperledger Fabric, facilitating fast, cost-effective transactions. More
| Fully Diluted Valuation | $29,607 |
|---|---|
| 24H Trading Volume | $81,728 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 1.51 B |
| Total Supply | 2.00 B |
| Max Supply | 2.00 B |
| Categories | Ethereum Ecosystem 1 more |
|---|---|
| Founder | Anonymous |
| Website | emlprotocol.io |
| Socials | 2 more |
| Chains | Ethereum Ecosystem |
| Explorer | Ethplorer 2 more |
| Contracts |
0x03d....21062
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| Name | Pair | OG Score |
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EML Protocol is a payment platform that connects users and merchants directly through a blockchain-based system. It uses Hyperledger Fabric, a permissioned private blockchain, meaning only approved users can participate. This helps ensure a secure and efficient transaction environment.
How Does It Work?
The platform operates using smart contracts, which are self-executing agreements written in code. These contracts simplify and automate the payment process. EML also uses a coin circulation structure, which speeds up transactions and reduces costs by cutting down the complexity of traditional consensus algorithms used in many blockchains.
Key Role of Membership Services Provider (MSP)
A separate entity called the Membership Services Provider (MSP) manages approvals and user permissions. MSP ensures that only authorized participants can access the platform and handles the processing of transactions, adding an extra layer of security and control.
Why EML Protocol?
The goal of EML Protocol is to provide a fast, efficient, and cost-effective payment system. By integrating blockchain technology with smart contracts and a streamlined transaction process, it aims to simplify payments between users and merchants without relying on third-party intermediaries.
EML Protocol stands out by utilizing Hyperledger Fabric, a permissioned private blockchain that ensures only approved users can participate. It simplifies transactions through blockchain-based smart contracts and coin circulation structures, offering a fast and cost-effective payment solution.
The founder of EML Protocol is anonymous.
